HAMILTON, Bermuda, Aug. 23, 2002 — Foster Wheeler Ltd. recently announced that its subsidiary, Foster Wheeler Power Group, Inc., was awarded a contract valued at approximately $200 million by LMB Funding, Limited Partnership, to engineer, procure and construct a nominal 600 megawatt capacity combined-cycle natural gas-fired power plant.
Construction is under way at the Lower Mount Bethel project located in Bangor, Pa.
The project will include two gas-turbine generators and one steam-turbine generator designed for high efficiency operation with very low levels of emissions from the combustion process.
The power island turbine generator and steam generator equipment have been pre-purchased by the plant owner and delivery of components has already begun. Operation of the plant is scheduled to begin at the end of 2003.
Foster Wheeler Ltd. is a global company offering, through its subsidiaries, a broad range of design, engineering, construction, manufacturing, project development and management, research, plant operation and environmental services. The corporation is based in Hamilton, Bermuda, and its operational headquarters are in Clinton, N.J. For more information about Foster Wheeler, visit our World-Wide Web site at www.fwc.com.
LMB Funding, Limited Partnership, is a project company owned by PPL Global of Fairfax, Va. PPL Global is a subsidiary of PPL Group in Allentown, Pa.